Logo-color Logo-white

The S&P 500 hit its 44th record this year on Wednesday, Nasdaq 100 closed above the 20’000 mark. The Dow Jones index advanced 1% to an almost ATH, while investors were less enthusiastic regarding the small stocks, the Russell 2000 gained 0.26%. Over in Europe, the Stoxx 600 was better bid, the FTSE 100 recovered […]

The post All Eyes on US CPI appeared first on Action Forex.

previous

Gold Wave Analysis

next

USDCHF Looks Promising Ahead of US CPI Data

Read More

11/04/2024

GBPUSD Wave Analysis

GBPUSD reversed from support level 1.2535 Likely to rise to resistance level 1.2700 GBPUSD currency pair recently reversed up from the key support level 1.2535, which has been steadily reversing the price from the start of December. The support level 1.2535, was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction […]
29/07/2024

US 500 Index Bounces Off Long-Term Uptrend Line

US 500 bearish correction in short-term is not enough for retracement Momentum oscillators turn up The US 500 (cash) index rebounded significantly off the long-term ascending trend line and surpassed beyond the 50-day simple moving average (SMA). The bearish correctio in the short-term view may came to an end as the technical oscillators are also […]
10/08/2024

Is the US Data that Bad to Justify a Rate Cut?

The recent acute market reaction occurred due to increased recession fears Surprise indices point to a more balanced US economic situation Recessions tend to be caused by one-off major events The recent market drop has been attributed to higher chances of a US recession It has been a very volatile period in markets. The recent […]